Debt Obligations

    • HCDE has a blended component unit, the Harris County Department of Education Public Facility Corporation (PFC Capital Projects Fund) for which it is financially accountable.
    • Debt service requirements of general obligation bonds are payable solely from future revenues consisting of school contracts.
    • HCDE has never defaulted on any bond principal or interest payment. Effective interest rates range from 3.50 percent to 5.75 percent.
    • There are a number of limitations and restrictions contained in the bond indenture. Management has indicated that HCDE is in compliance with all significant limitations and restrictions.
    • HCDE does not have a debt service rate. HCDE has a maximum maintenance tax rate of $0.01 and the current tax rates are available on the Tax Transparency webpage.